Total Factor Productivity: The Case of the Beverage Sector in Ecuador
Total factor productivity (TFP) is a variable that measures the efficiency of the factors used in the production process across economic sectors. In other words, it is the basis for economic growth. The paper aimed to estimate the total factor productivity of Ecuador’s beverage sector for the period...
Сохранить в:
| Главный автор: | |
|---|---|
| Другие авторы: | , , |
| Формат: | article |
| Язык: | spa |
| Опубликовано: |
2025
|
| Предметы: | |
| Online-ссылка: | https://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/497 |
| Метки: |
Добавить метку
Нет меток, Требуется 1-ая метка записи!
|
Добавить метку | _version_ | 1841376023702142976 |
|---|---|
| author | Pinos, Luis |
| author2 | Garate, Nathaly Mejía, Silvia Sarmiento, Luis |
| author2_role | author author author |
| author_facet | Pinos, Luis Garate, Nathaly Mejía, Silvia Sarmiento, Luis |
| author_role | author |
| collection | Revista Cuestiones Económicas |
| dc.creator.none.fl_str_mv | Pinos, Luis Garate, Nathaly Mejía, Silvia Sarmiento, Luis |
| dc.date.none.fl_str_mv | 2025-06-30 |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | https://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/497 |
| dc.language.none.fl_str_mv | spa |
| dc.publisher.none.fl_str_mv | Banco Central del Ecuador |
| dc.relation.none.fl_str_mv | https://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/497/388 |
| dc.rights.none.fl_str_mv | Derechos de autor 2025 Cuestiones Económicas https://creativecommons.org/licenses/by-nc/4.0 info:eu-repo/semantics/openAccess |
| dc.source.none.fl_str_mv | Cuestiones Económicas; Vol. 35 Núm. 1 (2025): Revista Cuestiones Económicas; Autores: Nathaly Garate, Luis Pinos, Silvia Mejía y Luis Sarmiento 2697-3367 2697-3367 reponame:Revista Cuestiones Económicas instname:Banco Central del Ecuador instacron:BCE |
| dc.subject.none.fl_str_mv | Beverage manufacturing sector Production function Total factor productivity Función de producción Productividad total de los factores Sector de elaboración de bebidas |
| dc.title.none.fl_str_mv | Total Factor Productivity: The Case of the Beverage Sector in Ecuador La Productividad Total de los Factores: Caso del Sector Bebidas en Ecuador |
| dc.type.none.fl_str_mv | info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Artículos de Investigación |
| description | Total factor productivity (TFP) is a variable that measures the efficiency of the factors used in the production process across economic sectors. In other words, it is the basis for economic growth. The paper aimed to estimate the total factor productivity of Ecuador’s beverage sector for the period 2012-2021, taking into account its heterogeneity based on firm size. For this purpose, data from the financial statements of the Superintendency of Companies and Insurance were used, and a Cobb-Douglas-type production function was estimated, with operational revenue as the dependent variable and net fixed assets, number of employees, and raw material consumption as independent variables. To achieve the stated objective, a dynamic GMM-SYS model was employed. The main findings indicated that the input contributing most to sales revenue was net fixed assets. On the other hand, TFP was found to follow a growth pattern consistent with the country’s economic activity. Finally, the results showed that large and medium-sized firms were, on average, more productive than small and micro enterprises during the period analyzed. |
| eu_rights_str_mv | openAccess |
| format | article |
| id | REVCUESTEC_e4b25a2899bb233619b2bc71c1184fdb |
| instacron_str | BCE |
| institution | BCE |
| instname_str | Banco Central del Ecuador |
| language | spa |
| network_acronym_str | REVCUESTEC |
| network_name_str | Revista Cuestiones Económicas |
| oai_identifier_str | oai:estudioseconomicos.bce.fin.ec:article/497 |
| publishDate | 2025 |
| publisher.none.fl_str_mv | Banco Central del Ecuador |
| reponame_str | Revista Cuestiones Económicas |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | Revista Cuestiones Económicas - Banco Central del Ecuador |
| repository_id_str | |
| rights_invalid_str_mv | Derechos de autor 2025 Cuestiones Económicas https://creativecommons.org/licenses/by-nc/4.0 |
| spelling | Total Factor Productivity: The Case of the Beverage Sector in EcuadorLa Productividad Total de los Factores: Caso del Sector Bebidas en EcuadorPinos, LuisGarate, Nathaly Mejía, SilviaSarmiento, Luis Beverage manufacturing sectorProduction functionTotal factor productivityFunción de producciónProductividad total de los factoresSector de elaboración de bebidasTotal factor productivity (TFP) is a variable that measures the efficiency of the factors used in the production process across economic sectors. In other words, it is the basis for economic growth. The paper aimed to estimate the total factor productivity of Ecuador’s beverage sector for the period 2012-2021, taking into account its heterogeneity based on firm size. For this purpose, data from the financial statements of the Superintendency of Companies and Insurance were used, and a Cobb-Douglas-type production function was estimated, with operational revenue as the dependent variable and net fixed assets, number of employees, and raw material consumption as independent variables. To achieve the stated objective, a dynamic GMM-SYS model was employed. The main findings indicated that the input contributing most to sales revenue was net fixed assets. On the other hand, TFP was found to follow a growth pattern consistent with the country’s economic activity. Finally, the results showed that large and medium-sized firms were, on average, more productive than small and micro enterprises during the period analyzed.La productividad total de factores (PTF) es una variable que mide la eficiencia de los factores utilizados en el proceso productivo de los sectores de una economía; es decir, es la base para el crecimiento económico. El objetivo de esta investigación fue estimar la productividad total de los factores del sector bebidas del Ecuador durante el periodo 2012-2021, reconociendo su heterogeneidad debido al tamaño empresarial. Para esto, se utilizaron los datos de los estados financieros de la Superintendencia de Compañías y Seguros y se estimó una función de producción al estilo Cobb-Douglas, donde la variable dependiente es los ingresos operacionales y las independientes: el activo fijo neto, el número de trabajadores y el consumo de materias primas. Para lograr el objetivo señalado, se utilizó un modelo dinámico GMM-SYS. Los principales hallazgos indicaron que el insumo que más contribuyó al ingreso por ventas fue el activo fijo neto. Por otro lado, se encontró que la PTF presenta un patrón de crecimiento que coincide con la actividad económica que ha presentado el país. Finalmente, se obtuvo que las empresas grandes y medianas son en promedio más productivas que las pequeñas y microempresas durante el periodo analizado.Banco Central del Ecuador2025-06-30info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArtículos de Investigaciónapplication/pdfhttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/497Cuestiones Económicas; Vol. 35 Núm. 1 (2025): Revista Cuestiones Económicas; Autores: Nathaly Garate, Luis Pinos, Silvia Mejía y Luis Sarmiento2697-33672697-3367reponame:Revista Cuestiones Económicasinstname:Banco Central del Ecuadorinstacron:BCEspahttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/497/388Derechos de autor 2025 Cuestiones Económicashttps://creativecommons.org/licenses/by-nc/4.0info:eu-repo/semantics/openAccess2025-07-01T20:33:58Zoai:estudioseconomicos.bce.fin.ec:article/497Portal de revistashttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCEOrganismo de gobiernowww.bce.fin.echttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/oaiEcuadoropendoar:2025-07-01T20:33:58falsePortal de revistashttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCEOrganismo de gobiernowww.bce.fin.echttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/oaiEcuadoropendoar:2025-07-01T20:33:58Revista Cuestiones Económicas - Banco Central del Ecuadorfalse |
| spellingShingle | Total Factor Productivity: The Case of the Beverage Sector in Ecuador Pinos, Luis Beverage manufacturing sector Production function Total factor productivity Función de producción Productividad total de los factores Sector de elaboración de bebidas |
| status_str | publishedVersion |
| title | Total Factor Productivity: The Case of the Beverage Sector in Ecuador |
| title_full | Total Factor Productivity: The Case of the Beverage Sector in Ecuador |
| title_fullStr | Total Factor Productivity: The Case of the Beverage Sector in Ecuador |
| title_full_unstemmed | Total Factor Productivity: The Case of the Beverage Sector in Ecuador |
| title_short | Total Factor Productivity: The Case of the Beverage Sector in Ecuador |
| title_sort | Total Factor Productivity: The Case of the Beverage Sector in Ecuador |
| topic | Beverage manufacturing sector Production function Total factor productivity Función de producción Productividad total de los factores Sector de elaboración de bebidas |
| url | https://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/497 |